Castor oil dips marginally

Castor oil traded down marginally as demand for export reduced. Castorseed price declined on slow buying at spot. Traders said that due to year end, export demand for castor oil reduced dragging the prices. About 9,000-10,000 bags arrived in Gujarat and price moved down by ₹15 to ₹710-720 per 20 kg. In Saurashtra, around 650-700 bags arrived and price quoted down by ₹5 to ₹665-670 per 20 kg. Castor oil decreased ₹5 to ₹735 per 10 kg. On the Rajkot Commodity Exchange castor March contract gained ₹46 to ₹3,587 a quintal. RCX spot castor decreased ₹4 to ₹3,596.